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...However, Frank Stronach, Magna's flamboyantly unpredictable founder and chairman, sees the acquisition of Opel as a once-in-a-lifetime opportunity to create a global car empire on which to stamp his imprint. "It's a risky deal for Magna," says auto analyst George Magliano of IHS Global Insight. "But car assembly is something they really want to do." This ambition may be too tall an order for the Austrian-born Stronach, 76, whose entire career has been marked by both spectacular successes and failures. Most recently, his dream of creating a horse-racing and gaming empire collapsed when...

Author: /time Magazine | Title: GM's Sale of Opel: Second Thoughts for Magna? | 8/28/2009 | See Source »

...Merkel has tried, and failed, to get President Barack Obama to intervene. Her rival for the chancellery, Frank-Walter Steinmeier, Foreign Minister in the grand coalition government that joins Merkel's Christian Democrats and his Social Democrats, called Secretary of State Hillary Clinton, urging her to get involved. But the message from Washington is that it's up to GM to make its own investment decisions. (See pictures of Obama in Germany...

Author: /time Magazine | Title: GM and Germany Still Wrangling Over Opel | 8/27/2009 | See Source »

...ended up being loyal to a terrible, terrible fault.' FRANK DIPASCALI, who pleaded guilty on Aug. 11 to 10 charges including fraud and money-laundering while serving as one of Bernie Madoff's top executives. DiPascali, who could be sentenced to as many as 125 years in prison, told a federal judge that he and others knew about Madoff's investment scam as far back as the early 1990s and aided it by helping falsify trading records...

Author: /time Magazine | Title: Verbatim | 8/24/2009 | See Source »

...Frank, Barney •LaRouchian fool is not suffered gladly by, and then the next morning Fox News doofus Steve Doocy fails to note that the protester was making Obama-Hitler comparisons and complains about the "downright rude[ness...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 8/21/2009 | See Source »

...Here's the breakdown: The 230-m.p.g. number, according to GM's Frank Weber, global-vehicle-line executive for the Volt, is a measurement of the car's "city-driving cycle" - that's the 40 miles it can go without gas, plus one daily electric recharge, plus a little extra help from the gasoline it might need to continue to charge its batteries when they get low during driving in the city. It's basically measuring the Volt's electric-only-mode (with some help) mileage capacity. If the Volt got out on the highway - where it's powered largely...

Author: /time Magazine | Title: The Volt's 230 M.P.G.: Is M.P.G. Still Relevant? | 8/14/2009 | See Source »

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